Fiscal Policy and its Implications for Monetary and Financial Stability (Full Publication)
31 Pages Posted: 14 Feb 2012 Last revised: 1 Oct 2013
Date Written: December 1, 2011
The BIS 10th Annual Conference took place in Lucerne, Switzerland on 23-24 June 2011. The event brought together senior representatives of central banks and academic institutions, who exchanged views on the conference theme of "Fiscal policy and its implications for monetary and financial stability". This volume contains the opening address of Stephen Cecchetti (Economic Adviser, BIS), a keynote address from Martin Feldstein, and the contributions of the policy panel on "Fiscal policy sustainability and implications for monetary and financial stability". The participants in the policy panel discussion, chaired by Jaime Caruana (General Manager, BIS), were José De Gregorio (Bank of Chile), Peter Diamond (Massachusetts Institute of Technology) and Peter Praet (European Central Bank).The papers presented at the conference and the discussants' comments are released as BIS Working Papers 361, 362, 363, 364 and 365.
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